Problem with rebuilding/reloading extension changes

Please check you have enabled the extension in the file: extensions/defaultExt/config/extension.php by setting 'enabled' => true,

Run php bin/console cache:clear from the root directory of suitecrm files/folders

$extensions['defaultExt'] = [
    'remoteEntry' => '../extensions/defaultExt/remoteEntry.js',
    'remoteName' => 'defaultExt',
    'enabled' => true,

Can you try without monitoring changes. Just run
yarn run build-dev:defaultExt from the root directory.